Drought funding package targets regional industrial capacity

Regional manufacturers in NSW have been targeted for government funding in the NSW government’s Drought Stimulus Package.

In three grants, the NSW government provided funding for an industrial park in Bathurst, an industrial precinct in Cobar, and business infrastructure in Gilgandra.

In Bathurst, $4.9 million is allocated to build the Kelso Industrial Land Development Project, which the government expects to support 79 jobs when completed. The project will involved the construction of roads, stormwater drainage, and connection to utilities such as water and sewage.

“The new Kelso Industrial Land Development Project will facilitate business development and attraction within the Bathurst region, supporting industry growth and generating employment,” said Deputy Premier and Minister for Regional NSW, John Barilaro.

Bathurst Regional Council will fork out $920,000 to support the project.

In Cobar, the Cobar Industrial Subdivision Project will be funded with $4.4m in funding from the NSW government.

The land, which is owned by the Cobar Shire Council, will have space for 28 industrial blocks, allowing businesses to set up in the central western town. The new funding will involve the building of roads, kerbs and gutters to support the industrial precinct.

“The Cobar community is being hit hard by the drought and providing a new industrial precinct will generate local jobs, support existing businesses to expand and attract new investment to the region,” said Barilaro.

The funding aims to expand the Cobar region’s economy in the off-farm sector, according to Cobar Shire Council mayor Lilliane Brady.

“The new industrial precinct is an exciting development for Cobar and will provide the infrastructure we need to grow and prosper and to diversify our economy during the drought,” said Brady.

The NSW will provide $3.9 million to Gilgandra Industrial Precinct. The precinct will be connected to energy, road, rail, communication and utility networks.

“This precinct will leverage the opportunities from the construction of the Narromine to Narrabri (N2N) Inland Rail that will revolutionise freight transport, taking trucks off our roads and making NSW more competitive,” said Barilaro.